Liberty Broadband (NASDAQ:LBRDK) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Liberty Broadband (NASDAQ:LBRDK) in a note issued to investors on Monday. The brokerage set a “sell” rating on the stock.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $77.50 on Monday. The company has a market cap of $11.07 billion, a P/E ratio of 14.27 and a beta of 1.02. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $85.13 and a two-hundred day moving average price of $69.68. Liberty Broadband has a 1-year low of $46.46 and a 1-year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. During the same period in the prior year, the company earned $1.10 earnings per share. As a group, analysts anticipate that Liberty Broadband will post 6.72 EPS for the current year.

Insider Activity

In other news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. This represents a 16.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 203,173 shares of company stock worth $16,340,188 over the last quarter. Insiders own 10.80% of the company’s stock.

Institutional Trading of Liberty Broadband

Several hedge funds and other institutional investors have recently modified their holdings of LBRDK. Groupama Asset Managment bought a new stake in shares of Liberty Broadband during the third quarter valued at about $25,000. Quarry LP bought a new stake in Liberty Broadband in the 3rd quarter worth approximately $28,000. GAMMA Investing LLC boosted its stake in shares of Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Liberty Broadband during the 3rd quarter valued at about $82,000. Institutional investors own 80.22% of the company’s stock.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.